SOCO International plc (SIA) Given Consensus Rating of “Hold” by Brokerages

SOCO International plc (LON:SIA) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 140.50 ($1.85).

Several research analysts have issued reports on SIA shares. Barclays PLC reduced their price objective on SOCO International plc from GBX 155 ($2.04) to GBX 140 ($1.85) and set an “equal weight” rating on the stock in a report on Tuesday, April 11th. Peel Hunt reaffirmed a “buy” rating and set a GBX 160 ($2.11) price objective on shares of SOCO International plc in a report on Friday, June 9th. Jefferies Group LLC downgraded SOCO International plc to a “hold” rating and reduced their price objective for the stock from GBX 195 ($2.57) to GBX 165 ($2.18) in a report on Wednesday, May 17th. Macquarie downgraded SOCO International plc to an “underperform” rating and reduced their price objective for the stock from GBX 151 ($1.99) to GBX 103 ($1.36) in a report on Wednesday, June 21st. Finally, J P Morgan Chase & Co upped their price objective on SOCO International plc from GBX 138 ($1.82) to GBX 141 ($1.86) and gave the stock an “underweight” rating in a report on Wednesday, May 17th.

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SOCO International plc (LON:SIA) traded up 0.61% during mid-day trading on Friday, hitting GBX 122.75. The stock had a trading volume of 57,459 shares. SOCO International plc has a 1-year low of GBX 111.25 and a 1-year high of GBX 168.26. The stock has a 50 day moving average of GBX 118.53 and a 200-day moving average of GBX 134.77. The firm’s market cap is GBX 404.65 million.

SOCO International plc Company Profile

SOCO International plc (SOCO) is an oil and gas exploration and production company. The Company’s segments include South East Asia and Africa. It has field development and production interests in Vietnam, and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola. In Vietnam, SOCO’s Block 16-1 and Block 9-2 include the Te Giac Trang and Ca Ngu Vang Fields, which are located in shallow water in the Cuu Long Basin, near the Bach Ho Field.